BNY's Digital Asset Custody platform plans to provide institutional crypto staking support through Galaxy's infrastructure, highlighting growing custody concentration risks across Ethereum and Solana.
BNY Mellon partners with Galaxy to offer institutional crypto staking within its custody platform, enabling clients to earn rewards without moving assets.
Institutional crypto trading platform Talos has integrated with Kalshi, enabling select clients to trade Kalshi's event contracts and crypto perpetuals using their existing Talos infrastructure. This move aims to lower operational hurdles for professional trading firms, coinciding with record trading volumes in prediction markets despite ongoing regulatory scrutiny and legal battles in the US.
Crypto exchange Kraken and onchain asset manager Maple have launched an onchain warehouse financing facility for crypto-backed loans, utilizing a bankruptcy-remote special purpose vehicle (SPV) and USDC financing to expand Kraken's institutional lending business without tying up additional balance-sheet capital.
Kraken and Maple have launched an onchain warehouse financing facility for crypto-backed loans, applying a traditional credit market structure to institutional digital asset lending. The facility uses a bankruptcy-remote SPV and USDC to fund Kraken's OTC lending business.
Paris-based Kaiko has acquired US digital asset data provider Amberdata to enhance its institutional data offerings, including derivatives and AI-powered analytics, serving a growing demand from financial institutions in the crypto market.
Crypto funds experienced over $1 billion in outflows as geopolitical tensions between the US and Iran led to a risk-off sentiment. Meanwhile, Tether expanded its influence by acquiring SoftBank's stake in Twenty One Capital, and Bernstein highlighted Bitcoin miners' strategic role in AI infrastructure.
Galaxy Digital's subsidiary, GalaxyOne Prime NY, has obtained a BitLicense and Money Transmission License from the NYDFS, enabling regulated digital asset services for institutional clients in New York.
The XRP-linked Ripple secures financing from Neuberger Specialty Finance to fuel growth of its prime brokerage platform.
BitMEX has partnered with Zodia Custody to enable institutional crypto derivatives trading via off-exchange collateral held in segregated custody.
